logoBC
Yaoundé - 08 May 2021 -
Finance

Cameroon: Medium and long-term credits constituted over 51% of loans granted by commercial banks in Feb 2021 (BEAC)

Cameroon: Medium and long-term credits constituted over 51% of loans granted by commercial banks in Feb 2021 (BEAC)
  • Comments   -   Monday, 12 April 2021 17:36

(Business in Cameroon) - In February 2021, commercial banks operating in Cameroon granted XAF82.3 billion of long-term loans (repayable over 80 months on average) to economic operators, according to data compiled by the Bank of Central African States (BEAC). This volume is just 2.08% of the overall loans granted during the period under review.

Over the reviewed period, the said bank mostly granted medium-term loans (repayable over 42 months on average). According to the same source, the medium-term loans granted by the credit institutions were 49% of the overall loans they granted during the period.  

Overall, both long-term and medium-term loans constituted over 51% of the loans granted by commercial banks in February 2021. For financial analysts, this is good news for the local economy because those two types of loans are more appropriate to boost the development of companies, which are the main wealth creators.  

This data also confirm the economic revival announced for this year (after the recession experienced in 2020) despite the second wave of the coronavirus pandemic, which is the main factor that will prevent the achievement of the optimistic economic forecasts of the government and international financial partners.

BRM

cameroon-banana-exports-dropped-by-22-11-yoy-in-apr-2021-assobacam-s-data
Banana producers operating in Cameroon exported 13,186 tons of the fruit in April 2021, according to the Banana Association of Cameroon (Assobacam)....
tradex-seeks-a-partner-for-the-supply-of-56-000-gas-cylinders
The state-owned oil operator Tradex recently issued an international call for tenders for the supply, within five months, of 56,000 12.5 kg gas...
cameroon-to-install-solar-plants-of-30mw-energy-generation-capacity-in-the-northern-regions-this-year
Cameroon and electric utility ENEO are currently fine-tuning a project to install mobile and modular emergency solar power plants. This was revealed, on...
consumer-price-index-rose-by-0-2-in-douala-in-march-2021-the-ins-reports
In March 2021, in Douala, the consumer price index (CPI) rose by 0.2%, according to the National Institute of Statistics (INS). The figure is slightly...

Mags frontpage


Business in Cameroon n99: April 2021

Outages ENEO’s director-general explains the situation


Cocoa: Time to boost processing


Investir au Cameroun n109: Avril 2021

Délestages Le DG d’Eneo s’explique


Cacao : cap sur la transformation

  1. Most read 7 days
  2. shared 1 month
  3. read 1 month
next
prev